Trump's election victory creates economic uncertainty, impacting the Fed's policy and inflation goals.

Following Donald Trump's presidential election victory, uncertainty looms over the U.S. economic outlook and the Federal Reserve's policy decisions. Trump's proposals for tariffs and tax cuts may lead to higher inflation and complicate the Fed's goal of maintaining a 2% inflation target while supporting the labor market. The Fed is expected to cut its benchmark interest rate again, but may proceed cautiously due to potential political pressure and the impacts of Trump's economic agenda.

November 06, 2024
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